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New Procurement of Digital Battlefield Solutions Are Expected To Hold More Than 50% Share | Report Fact.MR

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According to the Fact.MR Latest Analysis, The Demand for digital battlefield is expected to expand at an impressive CAGR of around 14% over the forecast period of 2021 to 2031. AI innovations in digital battlefields in the defense sector will be key to the growth of market players over the coming years.

A recent study by Fact.MR on the digital battlefield market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of digital battlefields.

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New procurement of digital battlefield solutions are expected to hold more than 50% share

In 2019, China was the second-largest military spender behind the United States, at US$ 261 billion. In recent years, the country has faced a number of neighbours and distant opponents, prompting it to expand its military expenditure on a regular basis. Its conflict with the United States, India, Japan, South Korea, Vietnam, Malaysia, and Taiwan has prompted the government to invest in both conventional and innovative technology.

New procurement of digital battlefield solutions are expected to hold more than 50% share in the market. As countries have been replacing their existing military equipment and solutions with digital counterparts, new procurement is expected to account for a larger market share.

Key Takeaways from the Market Study

“Ease of integration of digital battlefields into existing military and defence frameworks is expected to be pivotal for winning orders and contracts,” says a Fact.MR analyst.

Key Market Segments Covered

Competitive landscape

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